Brazil builder Cyrela sees expenses stable in coming quarters

Redacción de Reuters

1 MIN. DE LECTURA

SAO PAULO, May 15 (Reuters) - Cyrela Brazil Realty SA , Brazil’s largest homebuilder, should see general and administrative expenses remaining at their current level in coming quarters, Chief Financial Officer Eric Alencar said on a conference call with analysts on Thursday.

The company reported an 8.7 percent drop in first-quarter net profit on Wednesday, partly weighed down by a 16.9 percent rise in general and administrative expenses. (Reporting by Asher Levine)